Key Benefits of Leasing a Vehicle Fleet
Are you planning to own a lease fleet? Think again! When you can lease a fleet, is there any point in wasting money on buying an expensive fleet for which you have to take loans? Here are some benefits that you can avail:
No Need for Down Payment You will not need any down payment for the procurement of the vehicles. Only a part of the contribution is required. The company can use the margin money for the core activity and earn more ROI.
Savings on Taxes The company saves taxes on the lease rental paid for the car loan that is taken on lease with an operating lease. All the rentals are expensed of, and in the loan and whereas in the loan only the interest portion gets expensed.
Non Capitalization The company does not have to capitalize the assets in the books and the make this option more suitable for a large corporate. It helps the company in budgeting and also keeps the leverage ratio low.
Maintenance by Lease Provider The maintenance is taken care of by the lease provider.
In the End, If you are looking for vehicle fleet solutions in India, leasing is best with so many benefits being on offer.